RE: Adieu1 Apr 2020 17:26
I rarely posted here but I too made my first investment based on local sentiment for the project and I did so with funds I could only just afford to lose and those funds were garnered through a work accident payout... 27p was when I bought in and i thought I had outdone my stepdad who invested at 39p as i thought I was buying the dip as they say.
Not that I thought I would lose capitol of course but I listened to my stepdad and someone I knew that worked as an investment consultant plus little more than reading an article or two on investing and poly4 as a thing ... and look at how that worked out!
That said I did average down to 13.4p but my stepdad left it at 39p not wanting to play any games and all I can say to that is at least he can afford to lose many more thousands than i could not particularly afford to lose but did.
But hey ho, I view it as the cost of an education. One that put me in EUA, after a nudge in it's direction thanks to someone on this board, and 11 others holdings I have and continue to hold. Now I am going to assume indulging in a bit of, what some would call, cross ramping on a delisted busted flush should not raise too much ire so here goes. DYOR on EML, TRX and UFO.
EML is a potential potash miner with longterm 3 year EBITDA, assumed without further dilution, of £2.96 (not my calculation but https://twitter.com/emmerson_plc/status/1219575142495461376 for ref).
TRX, medical sector, faces funding issues like SXX as cash runway ends by 2nd weeks end of May as it stands, which is strangely specific, however the company actually has revenue on in demand products with a capacity to ramp up production thanks to a new facility being brought online to meet demand. But Covid. Of course.
As for UFO, AIM junior miner, they have proven Iron assets in Oz (scoop it and dumb it 60% Fe + ore) and is looking to prove up silver and gold assets in Mexico. Also they have recently done a placing to raise 700k so cash in bank for a microcap in these times of Covid annnd. A possibility of PGM being present as well as per recent RNS claims. Although no idea how much I hasten to add but ho boy. Could that one get interesting in year or twos time should assets get proven up even without meaningful PGM presence.
Now all that said I am not in profit with the 3 holdings mentioned but have been at least once since investing in the past 6 months, but again, Research. Evaluate your own risk and spread that risk out once you do know what your risk tolerance is. Heck. If I had more money I would be chasing FTSE 250 divis and not AIM punts...
So basically this is a response to show that while many have lost here not all have to lose overall with the funds they now find available to them. It all depends on risk tolerance and given recent market volatility there are some absolute gems out there. But as I once read someone on this board somewhere, somewhen.
"I am asset rich but capitol poor".
GLA.
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